Dollar Tree (NASDAQ:DLTR) Downgraded by StockNews.com to “Sell”

Dollar Tree (NASDAQ:DLTR) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

DLTR has been the subject of several other reports. Barclays reduced their price target on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Wells Fargo & Company cut their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Piper Sandler cut their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Morgan Stanley lowered their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $87.95.

Dollar Tree Trading Down 2.5 %

Shares of NASDAQ:DLTR opened at $64.87 on Wednesday. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $151.21. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of -13.29, a PEG ratio of 2.54 and a beta of 0.87. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $67.92 and a 200-day moving average price of $91.22.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. Equities analysts predict that Dollar Tree will post 5.35 EPS for the current year.

Insider Activity at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dollar Tree

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. increased its position in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar Tree during the second quarter worth $37,000. Blue Trust Inc. boosted its holdings in shares of Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 274 shares during the last quarter. Eastern Bank acquired a new stake in shares of Dollar Tree during the third quarter worth $34,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Dollar Tree by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.